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Walton Global Approves Over $49M in Distributions in July

2024/09/03

Walton Global Approves Over $49M in Distributions in July

 

Walton Global, a leading asset management and global real estate investment company, announced a successful start to Q3 with approved distribution funds surpassing USD $49M in July. Lenders and investors from various projects have received or will receive distribution funds during the month of August. 

Over $17M was distributed to lenders of the Marquis private credit offering by Walton Global on behalf of DR Development Limited. This distribution comes after the partial sale of 340 acres of the approximate 662-acre Marquis development project in Northeast Edmonton, Alberta, Canada, also known as Duggan Ranch. The cumulative total distributed to lenders in the Marquis private credit offering now totals $19,674,251. 

Over $10.3M in principal and interest payments were distributed to Walton’s income programs across a variety of Builder Land Finance (BLF) projects, including River Oaks, La Playa Commons, Entrada del Oro, and others. Over 20 projects across the United States sent out semi-annual payments to investors globally. 

Over $8.5M of the approved distribution amount was distributed to investors in the Caldwell Valley project. Approximately $3.8M was sent to Caldwell Ridge investors, $3.2M to Caldwell Heights investors, and $1.5M to Caldwell Square investors. 

Investors of Edgemont Estates 7 received over $8.2M in distributions in July. Recent activity on the project includes the sale of 298 acres in Edmonton, Alberta, Canada, part of the Edgemont Estates South Master Plan. 

Westphalia lenders received approximately $2.7M, representing a semi-annual interest payment. This distribution increased the amount of funds distributed year-to-date to $4,836,590. 

The closing of Phase 1 with Lennar triggered a distribution of approximately $669,000 to investors of the Cotton Gateway project in Caldwell County, Texas. 

Total exit activity in July reached over $467M, with over $85M relating to newly executed contracts. The distributions made in the month of July are the result of Walton Global’s vast and ever-growing exit pipeline. The company looks forward to the continuing success of their programs by continuing to support portfolio diversification techniques and new and creative ways to support investors.